The chief executive of mining giant Rio Tinto has resigned after the company announced a $14bn (£8.7bn) write-down. The write-down relates to the company’s aluminium and coal-mining businesses. Chief executive Tom Albanese stepped down by mutual agreement with the board, Rio Tinto said, and has been replaced by Sam Walsh, chief executive of the miner’s iron ore business.
See also Rio Tinto CEO to step down after $14bn impairment charge,